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I don’t think it does critics of that circle any favors to call it a “sex cult.“ Whether us boring, monogamous vanilla normies want to believe it or not, there are a lot of people who participate in polyamory, sex parties, etc. Calling it a cult as a result just costs people credibility. 

it’s a sex cult because of the way it acts like a sex cult. I know lots of people who have group sex and are in polycules who are perfectly normal and cool. That is not what is happening here for a bunch of reasons, chief among them “huge amounts of money and power are involved.”

you stop being able to play the “we are but a smol bean polycule like anybody else in a coastal city” card when billions of dollars and vast power are involved

Yeah, see, I don’t see the mere correlation of money and non-vanilla sex automatically making it a cult. That would make any random M&A attorneys having a three way into a cult. That’s just silly. If the sex is somehow part of a power hierarchy, then fine, but I haven’t seen that suggested.